Ireland: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Ireland

The Irish market for bromides and bromide oxides, iodides and iodide oxides declined to $X in 2021, reducing by -9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Ireland

In value terms, bromides, iodides and oxids thereof production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 73% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Ireland

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides increased by 976% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 6,860% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports declined notably to $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 22,880% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for bromides, iodides and oxids thereof exports from Ireland, with a 90% share of total exports. It was followed by Italy (X kg), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +54.7%.

In value terms, the UK ($X) emerged as the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Ireland, comprising 88% of total exports. The second position in the ranking was held by Italy ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +46.2%.

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, falling by -97.3% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 2,158% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-5.4%).

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Ireland

In 2021, bromides, iodides and oxids thereof imports into Ireland plummeted to X tons, falling by -43.5% on 2020 figures. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 74% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports surged to $X in 2021. Overall, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 76%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to Ireland, accounting for a 39% share of total imports. Moreover, bromides, iodides and oxids thereof imports from the UK exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Germany (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+27.1% per year) and Germany (+10.5% per year).

In value terms, the largest bromides, iodides and oxids thereof suppliers to Ireland were Germany ($X), the UK ($X) and India ($X), with a combined 74% share of total imports. The United States, the Netherlands, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Belgium, with a CAGR of +52.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, growing by 155% against the previous year. Over the period under review, the import price saw a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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